Private Jets and Business Aircraft

NetJets Starts Operations in China

Details

Written by Nick Copley

Published: 10 November 2014

The company recently announced that it has obtained its CCAR-135 operation certificate from the Civil Aviation Administration of China. This allows NetJets to begin offering private aircraft charter services in China. NetJets is the first global private aviation brand to begin operating in China.

NetJets first announced the formation of its Chinese joint venture, NetJets Business Aviation Limited, in early 2012. The business is a partnership with Hony Jinsi Investment Management Ltd. and Fung Investments. The operational headquarters for the business are based in the Zhuhai Jinwan Airport, in Zhuhai Guangdong Province, China.

NetJets Business Aviation Limited will initially provide management services for the aircraft in its charter fleet – including maintenance, crewing, catering and storage – under the brand Executive Jet Management China. It plans to expand into private aircraft management in the near future.

"Our NetJets China partnership has been working closely with Chinese authorities to secure its operating certificate since 2012, and we are very pleased that the Chinese government has granted us this approval," said NetJets Chairman and CEO Jordan Hansell. "NetJets Business Aviation Limited and its Executive Jet Management China services will help foster the continued growth of the global NetJets business model and satisfy a growing demand for private aviation services. Over time, customers in China will enjoy similar services to those NetJets provides globally, and will conform to NetJets leading-edge standards for safety and service."

"NetJets Business Aviation Limited has in place now its principal staff, established the necessary internal structures and processes for safe flight operations, and has formed relationships with key vendors," said NetJets China Vice Chairman Eric Wong. "Additionally, a U.S. registered aircraft, a Bombardier Global 5000, is under management with NetJets China (Hong Kong) Limited, a sister company of NetJets Business Aviation Limited."

In 2012, NetJets launched The Private Jet Travel Card which is sold in increments of 25 hours. The card grants entry to a large cabin aircraft in the NetJets U.S. and European fleet for an 18-month term, and is designed to be used by Chinese travelers in the U.S., EU and Switzerland.

"We have been talking with potential customers over the last several years and have found great interest in the services we plan to offer," said Hansell. "We are confident that we are launching the right business model in China now with our partners and will be well positioned to grow our partnership's business as the market grows."

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